Partial release of retainage form 2026

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The document is a Certificate for Partial Release of Retainage issued by the Commonwealth of Massachusetts' Department of Housing and Community Development. It outlines the status of a construction contract, including details on contract time, contract sum, and payment application. The contractor certifies that all work has been completed per the contract terms and releases the owner from claims except for specified exceptions. It requires signatures from the contractor, notary public, and housing authority officials to validate the release.

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Click ‘Get Form’ to open the partial release of retainage form in the editor.
Begin by filling in the Contractor, Owner, and Architect details at the top of the form. Ensure all contact information is accurate for effective communication.
In Section I, CONTRACT TIME, provide the dates for Substantial Completion and any extensions due to change orders. This section is crucial for tracking project timelines.
Move to Section II, CONTRACT SUM. Enter the Original Contract Sum and any approved change orders. Calculate the Adjusted Contract Sum by subtracting authorized payments and other claims from this total.
In Section III, indicate the Application for Payment number and amount due. Attach any necessary documentation as indicated.
The Contractor must certify that all work has been completed per contract terms and that all laborers have been paid appropriately. Fill in exceptions if there are any claims against the Owner.
Finally, sign and date the document where indicated, ensuring it is notarized as required before submission.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

When should retention be released?

You should release half the retention to the contractor immediately after completion of the whole of the works has occurred or immediately after the employer has taken over the whole of the works.

What does release retention mean?

Retention release refers to the moment when the project owner releases the withheld retention funds to the contractor upon docHubing substantial completion of the project.

What does it mean to release retainage?

(e) Retainage. If the Contracting Officer finds that satisfactory progress was achieved during any period for which a progress payment is to be made, the Contracting Officer shall authorize payment to be made in full.

Who determines satisfactory progress has been made for release of retainage?

Conditions for Retainage Release Retainage may only be released after substantial completion, final inspections, acceptance of work, and resolution of claims. The regulation specifies that retained funds remain withheld until the Contracting Officer confirms that these conditions have been satisfied.

What is consent of surety to release retainage?

Retainage is released and the funds are paid out to contractors and subcontractors once the construction project is completed. This usually happens after the final release of a lien has been signed, along with any relevant completion certificates.

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What are the disadvantages of retainage?

Drawbacks and challenges The most docHub impact of retainage is on the cash flow of contractors and subcontractors-withholding percentage payments until a project milestone is docHubed or completed in full can cause very serious cash problems to contractors.

Partial release of retainage form 2026

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